MVB Financial Management
Management criteria checks 2/4
MVB Financial's CEO is Larry Mazza, appointed in Jan 2009, has a tenure of 19.67 years. total yearly compensation is $2.80M, comprised of 30.3% salary and 69.7% bonuses, including company stock and options. directly owns 4.87% of the company’s shares, worth €12.09M. The average tenure of the management team and the board of directors is 4 years and 5.7 years respectively.
Key information
Larry Mazza
Chief executive officer
US$2.8m
Total compensation
| CEO salary percentage | 30.3% |
| CEO tenure | 16yrs |
| CEO ownership | 4.9% |
| Management average tenure | 4yrs |
| Board average tenure | 5.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$19m |
| Jun 30 2024 | n/a | n/a | US$20m |
| Mar 31 2024 | n/a | n/a | US$24m |
| Dec 31 2023 | US$3m | US$850k | US$22m |
| Sep 30 2023 | n/a | n/a | US$20m |
| Jun 30 2023 | n/a | n/a | US$19m |
| Mar 31 2023 | n/a | n/a | US$13m |
| Dec 31 2022 | US$1m | US$852k | US$12m |
| Sep 30 2022 | n/a | n/a | US$16m |
| Jun 30 2022 | n/a | n/a | US$26m |
| Mar 31 2022 | n/a | n/a | US$33m |
| Dec 31 2021 | US$2m | US$798k | US$38m |
| Sep 30 2021 | n/a | n/a | US$41m |
| Jun 30 2021 | n/a | n/a | US$35m |
| Mar 31 2021 | n/a | n/a | US$44m |
| Dec 31 2020 | US$2m | US$778k | US$37m |
| Sep 30 2020 | n/a | n/a | US$29m |
| Jun 30 2020 | n/a | n/a | US$27m |
| Mar 31 2020 | n/a | n/a | US$24m |
| Dec 31 2019 | US$2m | US$740k | US$26m |
| Sep 30 2019 | n/a | n/a | US$25m |
| Jun 30 2019 | n/a | n/a | US$24m |
| Mar 31 2019 | n/a | n/a | US$12m |
| Dec 31 2018 | US$2m | US$694k | US$12m |
Compensation vs Market: Larry's total compensation ($USD2.80M) is above average for companies of similar size in the German market ($USD837.57K).
Compensation vs Earnings: Larry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Larry Mazza (63 yo)
16yrs
Tenure
US$2,801,640
Compensation
Mr. Larry F. Mazza, CPA, is the Chief Executive Officer and Director at MVB. A recognized banking and financial services executive, he embraces technology and motivates others to think bigger and do bigger...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Director | 16yrs | US$2.80m | 4.87% € 12.1m | |
| CFO, President & Treasurer | 3yrs | US$1.31m | 0.49% € 1.2m | |
| Executive VP & Chief Information Officer | 1.5yrs | US$277.13k | 0.014% € 34.6k | |
| Executive VP & Chief Administration Officer | 3yrs | US$806.74k | 0.17% € 413.9k | |
| Chief Operations & Digital Officer | no data | no data | no data | |
| Senior VP & CTO | no data | no data | no data | |
| Corporate Secretary/ Investor Relations | 9yrs | no data | no data | |
| Vice President of Corporate Communications & Marketing | no data | no data | no data | |
| Treasurer of MVB Bank Inc | no data | US$131.11k | no data | |
| Senior Vice President of Audit | 7.8yrs | no data | no data | |
| SVP & Chief Credit Officer | 5yrs | no data | no data | |
| Chief Financial Officer of MVB Bank | 1.6yrs | no data | no data |
4.0yrs
Average Tenure
51yo
Average Age
Experienced Management: MV6's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Director | 19.7yrs | US$2.80m | 4.87% € 12.1m | |
| Independent Chairman of the Board | 4.2yrs | US$193.00k | 0.42% € 1.0m | |
| Independent Director | 20yrs | US$154.50k | 0.67% € 1.7m | |
| Independent Director | 11.7yrs | US$148.00k | 0.82% € 2.0m | |
| Independent Director | 8.3yrs | US$163.50k | 0.54% € 1.3m | |
| Independent Director | 3yrs | US$120.63k | 0.080% € 198.3k | |
| Independent Director | 2.3yrs | US$144.50k | 0.041% € 101.7k | |
| Independent Director | 5.7yrs | US$154.38k | 0.19% € 482.8k | |
| Independent Director | 2.7yrs | US$118.00k | 0.050% € 124.1k |
5.7yrs
Average Tenure
64yo
Average Age
Experienced Board: MV6's board of directors are considered experienced (5.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 00:49 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MVB Financial Corp. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brett Rabatin | Hovde Group, LLC |
| Steven Alexopoulos | J.P. Morgan |
| Christopher McGratty | Keefe, Bruyette, & Woods |